A. The provisions of this chapter shall be reviewed five years after the effective date of the ordinance codified herein. Such review may include, but not be limited to, the number of dwelling units granted property tax exemption under this program, consideration of the multifamily development trends in the city and region, review of administrative processes and procedures, as well as public comment. If the program is terminated, no further applications for a conditional certificate of tax exemption shall be accepted. Incomplete applications shall be returned to the owner.

B. Notwithstanding subsection A of this section, pending complete applications for a conditional certificate, extension of conditional certificate or final certificate shall be processed as provided under ACC 3.94.060 through 3.94.100. The city’s authority to enforce the provisions of this chapter shall survive any and all timetables provided for herein, and shall apply to all properties that have been issued a final certificate of tax exemption under this chapter until expiration, termination or cancellation of the certificate. (Ord. 5779 § 1, 2003.)